The Y neighborhood in South Lake Tahoe showed positive notes in all of the market categories we follow for the 3rd quarter of 2019. When comparing the numbers to the year before, the number of sales, median and average sale price, list to sale price ratio and dollar per square foot all increased in 2019. The average time on the market stayed the same for both years.
|Y Area 3rd Quarter Report||2018||2019|
|Number of Sales||11||14|
|Median Sale Price||$330,000||$352,415|
|Average Sale Price||$399,909||$440,952|
|Average List to Sale Ratio||98.1%||98.4%|
|Median Dollar Per Square Foot||$257||$313|
|Days on the Market||115||116|
As we’ve seen in most South Lake Tahoe neighborhoods, the months supply of homes has increased over the past couple of years showing more of an inventory in the Y neighborhood.